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AMLP vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


AMLPSPY
YTD Return13.01%10.41%
1Y Return36.24%34.16%
3Y Return (Ann)24.90%11.38%
5Y Return (Ann)7.98%14.99%
10Y Return (Ann)2.12%12.96%
Sharpe Ratio2.622.93
Daily Std Dev14.32%11.54%
Max Drawdown-77.19%-55.19%
Current Drawdown-0.72%0.00%

Correlation

0.48
-1.001.00

The correlation between AMLP and SPY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

AMLP vs. SPY - Performance Comparison

In the year-to-date period, AMLP achieves a 13.01% return, which is significantly higher than SPY's 10.41% return. Over the past 10 years, AMLP has underperformed SPY with an annualized return of 2.12%, while SPY has yielded a comparatively higher 12.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%100.00%200.00%300.00%400.00%500.00%OctoberNovemberDecember2024FebruaryMarch
79.40%
538.65%
AMLP
SPY

Compare stocks, funds, or ETFs


Alerian MLP ETF

SPDR S&P 500 ETF

AMLP vs. SPY - Expense Ratio Comparison

AMLP has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.

AMLP
Alerian MLP ETF
0.50%1.00%1.50%2.00%0.90%
0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

AMLP vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AMLP
Alerian MLP ETF
2.62
SPY
SPDR S&P 500 ETF
2.93

AMLP vs. SPY - Sharpe Ratio Comparison

The current AMLP Sharpe Ratio is 2.62, which roughly equals the SPY Sharpe Ratio of 2.93. The chart below compares the 12-month rolling Sharpe Ratio of AMLP and SPY.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
2.62
2.93
AMLP
SPY

Dividends

AMLP vs. SPY - Dividend Comparison

AMLP's dividend yield for the trailing twelve months is around 7.33%, more than SPY's 1.28% yield.


TTM20232022202120202019201820172016201520142013
AMLP
Alerian MLP ETF
7.33%7.86%7.70%8.55%12.31%9.12%9.29%7.97%8.09%9.84%6.45%6.00%
SPY
SPDR S&P 500 ETF
1.28%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

AMLP vs. SPY - Drawdown Comparison

The maximum AMLP drawdown since its inception was -77.19%, which is greater than SPY's maximum drawdown of -55.19%. The drawdown chart below compares losses from any high point along the way for AMLP and SPY


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-0.72%
0
AMLP
SPY

Volatility

AMLP vs. SPY - Volatility Comparison

Alerian MLP ETF (AMLP) has a higher volatility of 3.16% compared to SPDR S&P 500 ETF (SPY) at 2.75%. This indicates that AMLP's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%OctoberNovemberDecember2024FebruaryMarch
3.16%
2.75%
AMLP
SPY